It's great news for thousands of American workers, but our optimism is a little tempered by what Apple glossed over.

New Campus, New Jobs, More Taxes Paid

According to Apple's announcement, the company will do all of the following over the next 5 years:

Contribute more than $350 billion in total expenditures

Build a new facility in Reno, Nevada

Create 20,000 new jobs

Invest in expanding U.S. data centers

Expand resources for its educational initiatives

Repatriate $38 billion of overseas cash into the U.S., paying taxes on it under the new Trump tax plan

This is incredible news. It's one of the largest investment plans by any U.S. entity in the past 5 years. We hope it will do exactly what it says—bring thousands of jobs and billions of dollars back into the American economy.

Why We Are Cautiously Optimistic

Apple said a lot of good things. It's what they didn't say, and some details of these initiatives, that give us pause.

The new jobs will focus on customer support. Not manufacturing, as far as we know.

These are new jobs, not a reduction in foreign labor. No mention of reducing H-1B visa usage in favor of American IT workers.